US EditionBritish luxury car maker Aston Martin cuts jobs by 20% as U.S. tariffs hit
Aston Martin plans 600 job cuts to save £40 million annually after a 52% loss increase, citing US tariffs and weak Chinese demand as key challenges.
- British luxury carmaker Aston Martin announced plans to cut up to 20% of its workforce, around 600 jobs, after widening annual losses due to US tariffs and weak Chinese demand.
- Aston Martin's net loss jumped 52% last year to £493.2 million compared to 2024, as automakers were among the companies hit hardest by Trump's tariffs aimed at bringing auto production back to the US.
- Aston Martin said the outlook for the automotive industry "remains challenging" amid "uncertainties over the economic impact from the unpredictable threat or introduction of additional US tariffs, changes to China's ultra-luxury car taxes and the continued reliance on a stable network of global suppliers".
83 Articles
83 Articles
CHRONIQUE. On Wednesday 25 February, the British manufacturer announced a plan to cut its workforce to 20% of its staff. Unlike its transalpine rival, the Midlands industrialist has failed to find the right production setting," explains Isabelle Chaperon, a columnist at the "World Economy" department.
Aston Martin to cut up to 20% of its workforce
British luxury automaker Aston Martin said on Wednesday that it will cut up to 20% of its workforce as tariff and regulatory headwinds along with a challenging market backdrop weigh on the business.The company said the cuts will result in an annualized savings of about 40 million pounds ($54 million), most of which will occur this year. The company employs about 3,000 workers.Aston Martin didn't specify when the cuts would occur this year, and t…
Because of Trump's losses and duties.
Aston Martin to Cut up to 20 Percent of Workforce
Aston Martin has announced plans to cut 20 percent of its workforce to lower costs, following what its chief executive described as a year of unprecedented geopolitical and macroeconomic challenges. In results released Feb. 25 for the year ended Dec. 31, 2025, the British luxury carmaker, long associated with James Bond, discussed further organizational changes after earlier adjustments made at the start of 2025. “This latest programme will ulti…
Aston Martin Layoffs: British Luxury Carmaker To Cut 20% of Workforce, Reduce Capital Expenditure Amid Global Trade Pressures | 🚘 LatestLY
Aston Martin is set to cut 600 jobs, representing 20% of its workforce, to save GBP 40 million. The British automaker cited disruptive US tariffs and weak Chinese demand for the move. Additionally, the firm reduced its five-year investment plan to GBP 1.7 billion, delaying development of its electric vehicle technology. 🚘 Aston Martin Layoffs: British Luxury Carmaker To Cut 20% of Workforce, Reduce Capital Expenditure Amid Global Trade Pressure…
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